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288 Palmetto Street

Jessie Lookfong Of Capri Jet Realty Represents Buyer In $2.05M Multifamily Sale In Brooklyn
SOLDMultiFamily

Jessie Lookfong Of Capri Jet Realty Represents Buyer In $2.05M Multifamily Sale In Brooklyn

288 Palmetto Street

$2,050,000

$640/SF

Building Size

3,200 SF

Asset Type

MultiFamily

Closing

Oct 2, 2024

AI

The property involved in the transaction is located at 288 Palmetto Street, Brooklyn, and is categorized as a multifamily asset. The sale price was $2,050,000, comprising 4 units and a total square footage of 3,200. The per unit price was calculated at $512,500, while the price per square foot was assessed at $640.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,050,000
  • Units: 4
  • Square Feet: 3,200
  • Price Per Unit: $512,500
  • Price Per Square Foot: $640
  • Seller: Luz Martinez
  • Buyer & Seller's Rep: Jessie Lookfong - Capri Jet Realty
  • Broker: Robert Napolitano - Capri Jet Realty

Jessie Lookfong, the buyer and seller's representative, is noted for her extensive experience in real estate, specializing in multifamily and mixed-use buildings as well as development sites primarily in Brooklyn and Queens. Capri Jet Realty, founded by Robert Napolitano, is recognized for its comprehensive market knowledge and strong relationships with clients in North Brooklyn.

Players

Jessie Lookfong

Capri Jet Realty

Broker

$30.4M

vol

14 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.74%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93